St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-03
THE COMMERCIAL RECORD.
On the Chicago Board Of Trade Yester-
day Moderate Business Was
Transacted in Wheat.
The General Dealings, However, Seemed
to be Chiefly Of Local Char
iacter.
Transactions in the Financial Circles Of
Wall Street.-The General
Quotations.


SDeclal 10 the GiODo.
CHICAGO, Nov. 2.-The board of trade was
a scene Of quiet approaching dizziness this
morning The grain market opened firm,
and wheat sold at an advance of l2c over
Yesterday December ruling at 73ssd73s4c,
july at 74G74lse and May at 79ss@79l2c.
Offerings were limited and the demand rather
urgent in a small way. The floor talk is bull
ish. Cables were neither encouraging nor blue.
They indicate waiting foreign markets.
Corn sold around The opening at 41l4c for
December and january and 45l2c for May.
Provisions were inclined 10 softnesS. Re-
ceipts of live hogs are coming up TO expec;a-
tons, and packers are again showing signs
of leaning to the bear side. Though they
are not actively engaged in depressing Specu-
lative values, local stocks are shown by the
November statement not to be down to
starvation basis yet. January pork opened
at Sl2 50. January lard at S632l2,
and January ribs al S6.32l2.
Wheat bulled hard. Jones. Mccormack 4
Kennett bought all day, and they seemed
more anxious to make their purchases sus-
tain the market than they were to get wheat
cheap. On nearly every symptom of weak
ness they stepped i'll and bid their market up.
then LEI the price sink below the previous in
side range The trouble is that the.outside
markets do not respond to the little bulges
that are engineered here. This morning a
lot of wheat bought lately
FOR FOREIGN ACCOUNT
was sold out New York sent bearish adviceS
and selling orders. and from the Northwest
word is received that the movement of spring
wheat from the interior was never heavier
than at this time, and that immense receipts
are expected throughout November at Duluth
and Minneapolis. The market at these two
points is decidedly heavy, and Duluth wheat
IS offered at tidewater relatively considerably
below the Chicago price Altogether the
movement at this moment languishes from
the causes enumerated. and from a lack of
public investment inquiry. The public does
not enthuse worth a cent. One of the points
played yesterday and to-day was dry weather
in the Southwest, which is represented as Le-
ing hard on winter wheat. 1t is a trifle
early TO begin killing next years crop,
but the newsmen are equal TO ANYTHING.
Corn strengthened on light receipts, only
200 cars were received yesterday, and esti-
mates for tomorrow are 100 cars. There is
a good shipping demand and cable are strong
with an upward tendency. The cash end of
the market led to-day and the fun followed.
Cash and November sold up I2G5sc and May
l2c. Vessel room was plentiful and lake en-
gagements for $4,000 bu were reported.
Oats were quiet and unchanged. Provisions
assumed a tirmer tone as the day advanced,
only light trade passed. however, and the
market may be described as without new
features. Lake engagements TO day: Wheat.
10, 600 bu: corn. 2S, 900 bu; barley, 5,0O0bu
Estimates for tomorrow: Wheat 100 cars:
corn. 1870 cars; oats, $50 ears; hogs. 10000
head.
THE ROUTINE REPORT.
CHICAGO. Nov. "A moderate business
was transacted in the wheat market TODAY
but it was chiefly of local character. There
was some buying supposed 10 be for local
parties. and operators were rather bullishly
inclined. The liberal receipts in The North
west, however. had some effect in checking
the advancing tendency. December wheat
opened at 1880. and the whole range was be-
tween 1850 3s4c, closing at 73le6I 735sc.
Corn developed tirmer feeling to-day and
prices ruled somewhat stronger. The
strength was due mainly 10 the light receipts,
good cash demand and free buying at times
Of November by prominent local operator.
The market opened a shade higher, was easy
for 4 time then ruled firm advancing Ssc for
November and i4@ssc for other futures.
ruled steady and closed with November and
May at Yesterdays closing figures, 4l14@45@
45Isc respectively.
Oats were steauy and firm.with speculative
deliveries remaining close to yesterdays fig
CURES The volume of trade was fairly large.
Provisions were moderately active. but the
feeling was not quite so strong. and prices
were Slightly inclined in favor of buyers.
The receipts of hogs were liberal and prices
lower and this had Il weakening influence on
the provision market, and. in a measure.
checked the inquiry for the leading speculat-
i've articles. The deferred deliveries attracted
the most attention. Trading was fair at
about firmer figures. January mess pork
ranged al Sl2.5;6tl2 .57l2, closing al the lat
ter figure. January lard ranged ut So 21I2Gl
go closing at the latter figure. January
short ribs ranged at S6.3O@6.35 and closed
al S6.32l2.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. >. November, DEC, closing at
7I7sc; December. 135sc. closing at 73c: Jan
nary, 74c, closing at 73l2c; May, 1850,
41Ac, closing at 4114c; December. 4Il4c,
closing at 4l14: January, 41l4c. closing at
4IAc; May. 45lSc, closing at 4Jc. Oats-No
Q, November, 25l2c. closing al % &c; Drcem
Der, 25Ssc, closing at 255sc; May. 29s4c
closing at a9l2c. Mess pork, per Dbl. Jan
uary, $3.50, closing at Sl247l2; February,
S12.6O, closing at Sl2.57l2: May. S13 clos
ing at S12.97lac. Lard, per 100 lbs. Novem-
Der, $3.50. closing at S6.2714; December.
closing at S6.$2I2; May, S6:65. clos,
ing at S6-62l2. Short ribs, per 100
lbs January, S632l2, closing at
$3.50; February. S6.40 closing at S6.37i2.
Cash quotations were as follows: Flour
changed: NO.2 spring wheat 7lIs@ 724c:
No. spring wheat 65c; No. = red .72s4c.
Corn-No. ,. I13sQ1lIac. Oats-No. =. 25I2c
Rye-No. =, 51l2c. Barley-No. .. 77G17Sc.
Mess pork, per Dbl. S12T0@13. Lard. per
100 lbs, S6.32r2@ {. 30. Short rib sides,
Qoose), 500. Dry sailed shoulders tboxed)
$505. 20. Short clear sides (boxed). ST. S0G,
& 90 Whisky distillers' finished goods
per gal. S1.10. Sugars, cut loaf. 714Gy1ssc:
granulated. &c asked; standard a. 65sc
Receipts-Flour. $4,000 bbls; wheat st, 900
bu; corn. 204.OU0 bu: oats. 1874 600 bu;
rye. 5000 bu = barley, $4,000 bu. Ship
ments-Flour, 10000 bbls: wheat, 76, 600
bu: corn, $4,000 bu; oats, 16l 900 bu; rye.
duce exchange to-day the butter market
WIS finn al ] 81 26a creamery and l4l22c